Randolph, ME is a small town located in the north-eastern part of Maine. It is known for its low cost of living and vibrant community atmosphere. The median rent for a two bedroom house in Randolph is $990, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Randolph stands at 104 points compared to 100 points nationally, making it an affordable place to live.
Randolph offers a variety of local businesses that contribute to the local economy. Popular companies include Randolph Plumbing & Heating, Walgreens Pharmacy and Ace Hardware & Rental Center.
Overall, living in Randolph presents many opportunities for residents as cost of living is relatively low compared to other areas. With an array of local businesses and an inviting community atmosphere, Randolph provides a great place to call home!
Randolph has an unemployment rate of 4.7%. The US average is 6.0%.
Randolph has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Randolph
- The Sales Tax Rate for Randolph is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Randolph is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Randolph
- The average income of a Randolph resident is $24,231 a year. The US average is $28,555 a year.
- The Median household income of a Randolph resident is $52,639 a year. The US average is $69,021 a year.